On today's show, CNBC's Kate Rooney explains why Chinese property developer Evergrande's debt crisis could be trouble for Tether.
CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, CNBC's Kate Rooney explains why Chinese property developer Evergrande Group's debt crisis could be trouble for Tether. Plus, Johnson & Johnson finds a second shot of its Covid vaccine to be 94% effective against infection.
But they also say the issue will likely be contained by the Chinese government before it wreaks damage in the banking system, and it is not expected to lead to a broader global financial contagion. A J&J booster dose given six months out from the first shot appears to be potentially even more protective against Covid, the company said, generating antibodies twelvefold higher four weeks after the boost, regardless of age.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase ditches crypto lending program after receiving SEC lawsuit threatThe cryptocurrency market tumbles Monday, due to contagion fear from troubled China property developer Evergrande and uncertainty regarding crypto regulations.
Read more »
Stock Futures Fall on Chinese Property FearsHong Kong’s Hang Seng Index slid, dragging down U.S. stock futures, oil and other risky assets, as concerns regarding China’s indebted property sector rippled globally.
Read more »
World shares jolted by Evergrande crisis as debt payment test loomsGlobal stock markets on Tuesday were caught in the grip of contagion fears sparked by troubles at China Evergrande as growing risks the property giant could default on its massive debt prompted investors to flee riskier assets.
Read more »
World shares sink as China Evergrande fears spark risk offWorld stocks sold off sharply on Monday while safe-haven assets gained as troubles at property group China Evergrande fed concerns about spillover risks to the economy, sparking fresh investor worries ahead of a busy week of central bank meetings.
Read more »
EXCLUSIVE China Evergrande's lenders weigh up loan losses, rolling over credit - sourcesOne of China Evergrande Group's (3333.HK) main lenders has made provisions for losses on a portion of its loans to the embattled property developer, while some creditors are planning to give it more time to repay, four bank executives told Reuters.
Read more »
China Evergrande shares plummet to 11-year low on default risksShares of Evergrande on Monday plunged as much as 19% to their lowest in over 11 years, extending losses as investors take a dim view of its business prospects with a fast approaching deadline for payment obligations this week.
Read more »